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Daily reports from our Chief Economic Strategist.
STIMULUS AND ANTI TRUST LITIGATION
In my view the market had little reaction to what Bloomberg writes “is the most significant monopoly case filed in the US in perhaps 100 years.” The US Justice Department is poised to
YESTERDAY WAS A RECORD DAY FOR BOTH TECH AND HOUSING SENTIMENT
The WSJ wrote “technology companies are set to end the year with their greatest share of the stock market yet, topping the dot-com era peak.” The Journal stated that companies involved in
MONDAY OCTOBER 19…A DATE I WILL ALWAYS REMEMBER
Today is Monday October 19 a date I vividly recall. Thirty-three years ago, and after only six months in the business, the Dow plummeted 22%, the largest one-day percentage drop in history. I am a
IS A MINSKY MOMENT AT HAND?
Depending upon one’s preconceived bias, yesterday’s economic data can be viewed as either half full or half empty.
STIMULUS AND CHANGE
The indices declined after Treasury Secretary Mnuchin stated that it would be difficult to get a stimulus deal done before the election. Bloomberg notes however, the inverse of the vast majority of
WHAT HEADLINE IS CORRECT?
The headlines are declaratively stating Biden will be the next President and the odds of a blue wave is rising. The headlines are also stating the reason for the recent advance is increased
MARKETS ARE SUGGESTING MASSIVE STIMULUS SPENDING HAS NO DOWN SIDE…THIRD QUARTER EARNINGS SEASON COMMENCES TODAY
Many are convinced a Biden presidency will create an economic boom via increased fiscal spending. While it is correct equities typically perform best under a Democratic Administration given the
ALGOS RULE!
Many times, I have commented about the massive influence that technology and algorithmic trading have upon the market. Dated SEC statistics suggest 90% of volume is the result of
POLITICALLY SPEAKING TODAY IS NOT AS TOXIC AS JULY 11, 1804
Equities were retraced some gains as House Speaker Pelosi said there could be no action on a stand-alone bill to aid airlines or any other sector the economy without an agreement on a broader economic
LIFE IS INDEED STRANGER THAN FICTION!!
Equities reversed the previous days decline after the President backed a piecemeal approach to aid. The Administration is backing $1,200 stimulus checks, $25 billion to hard hit airlines and $135 billion for
